Washington

Montebello Unified School District allegedly defrauded investors in the sale of $100 million in general obligation bonds.

Observers said the opponents of further rate cuts on the Fed tend to be the non-voters.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.

CEO Ken Bentsen and head of municipals Leslie Norwood talk markets, policy and regulations. John Hallacy and Lynne Funk host.

The market got what it expected and can now shift attention to the week's remaining deals after Fed policy makers cut interest rates by a quarter point.

Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.

As gas taxes seem less plausible as a source of infrastructure funding, many are looking for alternate funding options.

The FOMC voted to cut the target range 25 basis points to 1.75% to 2% as “uncertainties” offset prospects for “sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective.”

Attorneys for Indian River County, the Department of Transportation and Virgin Trains will appear before the U.S. Court of Appeals for the District of Columbia.

U.S. money markets showed some signs of calm as the Federal Reserve injected another $75 billion of liquidity and key rates pulled back from troubling levels.